Britain's FTSE rises, led higher by miners and ARM

LONDON, Sept 14 (Reuters) - Britain's top share index rose
on Monday, led by technology group ARM and firmer mining
stocks, although many traders were wary of taking on big
positions before a U.S. Federal Reserve meeting this week.

The benchmark FTSE 100 index climbed 0.8 percent to
6,165.81 points, with the index still down 6 percent since the
start of 2015 partly due to concerns over a Chinese economic
slowdown.

There was little reaction on the FTSE to the weekend's
election of left-wing veteran Jeremy Corbyn as new leader of the
opposition Labour Party.

ARM Holdings rose 2.6 percent to make it the best performer
on the FTSE. Traders said ARM was benefiting from an upbeat
article by Barron's on Apple, which uses ARM designs in
its products.

Nevertheless, some traders said the weak data made it more
likely that Beijing would implement further stimulus measures,
and that the U.S. Federal Reserve could refrain from raising
interest rates at its Sept. 17 meeting.

"I think we may be back in a situation where weak data, or
bad news, is being taken as good news, i.e. more stimulus could
be forthcoming from Beijing," said Mike van Dulken, head of
research at Accendo Markets.

Uncertainty over the outcome of the Fed's meeting meant any
gains on the FTSE could be short-lived, added equity dealers.

"Understandably, as we draw towards Thursday's long
anticipated Fed meeting, the willingness of traders to hold a
position throughout the whole week is going to be lower," said
IG market analyst Joshua Mahoney.
(Editing by Catherine Evans)